Palmer Square Capital BDC (PSBD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Palmer Square Capital BDC

NYSE•Financial Services•Asset Management

$10.35-0.01(<0.01%)Market closed

Market Cap

$322.41M

P/S

2.8x

P/B

0.8x

Palmer Square Capital BDC Inc. is a business development company specializing in direct investment. The Fund prefers to invest in corporate debt securities, collateralized loan obligation, and structured credit. The Fund prefers to invest in the United States.

How this company scores

WeakMetricSide Score: 31/100

Strongest: Cash & Earnings Quality (18/25); weakest: Growth (3/25).

Profitability3/25

Growth3/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality18/25

Strengths

Cash-backed earningsConsistent free cash flowImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.3x5y range 4.0x – 28.3x

Currently above its 9-quarter median.

P/S · 2.8x5y range 2.5x – 4.2x

Currently near its 13-quarter median.

P/B · 0.8x5y range 0.7x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Revenue Decline

Red Flag

TTM revenue has contracted 12.3% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $322.41M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $115.02M
Q. Revenue: $27.30M
TTM EBITDA: $51.55M
TTM Op. Income: $49.79M
Q. Op. Income: $12.04M
TTM Net Income: $-30.74M
Q. Net Income: $8.45M
EPS: $0.27
Shares Out.: $31.00M

$115.02M in TTM revenue declined 14.8% YoY, reaching $27.30M last quarter. TTM EBITDA of $51.55M and TTM operating income of $49.79M show growth is flowing through to the bottom line. However, net income is negative at $30.74M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 6 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 45.7%
Op. Margin: 44.1%
Net Margin: 31.0%

Op. margin of 44.1% is up 0.4% YoY — cost efficiency is improving. Net margin at 31.0% Over the past year, operating margin is up 1% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 2.8x
P/B Ratio: 0.8x

P/S of 2.8x and P/B of 0.8x. Over the past year, P/E is up 207% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.13B
Cash: $2.45M
Long-Term Debt: $696.49M
Book Value: $406.15M
D/E Ratio: 1.7
Debt/EBITDA: 55.8

With $1.13B in assets and $696.49M in long-term debt, D/E is 1.7and book value is $406.15M — moderate leverage. Across the last 8 quarters, debt/equity has risen for 6 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $21.26M
TTM Free Cash Flow: $123.57M
FCF Margin: 107.4%
FCF / Net Income: -4.0

TTM FCF of $123.57M on $21.26M in operating cash flow. The FCF / Net Income ratio of -4.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.